K-Bro Linen (TSE:KBL) Stock Crosses Above 200 Day Moving Average - Here's Why

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.66 and traded as high as C$35.97. K-Bro Linen shares last traded at C$33.48, with a volume of 15,046 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KBL. TD Securities raised their price objective on shares of K-Bro Linen from C$48.00 to C$49.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Acumen Capital increased their target price on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a "buy" rating in a report on Monday, March 24th.

K-Bro Linen Stock Up 3.8 %

The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23. The company has a market capitalization of C$360.01 million, a P/E ratio of 19.20, a PEG ratio of 3.50 and a beta of 1.08. The firm's 50 day moving average price is C$34.38 and its two-hundred day moving average price is C$35.57.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.